Daniel Flynn - The PRICE Futures Group - 51 mins ago
On this Blue Moon day we have two reports in the morning with Employment Cost Index at 7:30 A.M and Chicago PMI at 9:00 A.M. and I am not expecting a good manufacturing number do to Chicago, Cook County and Illinois politician’s only answer to fix deficits is to raise taxes which is driving... (full story)
Phil Flynn - The PRICE Futures Group - 51 mins ago
Every once in a while, say blue moon commodities get killed. As July ends the month with its second full moon this month the commodities markets end their worst month since 2011. Oil was a big part of that sector crash as it fell from the $60 a barrel handle to the $47 a barrel [...] (full story)
Grain markets are higher as we head into the last trading day of the month. Weather maps and end of month positioning will be the likely drivers of trade today as traders wrap-up July and look forward to the August USDA report. (full story)
By locking in a price now for a commodity to be delivered at some point in the future, futures markets permit buyers to secure insurance against future adverse price changes. In other words, futures markets supply a means for the mitigation of price risks. Futures charts track futures prices over time, and supply historical data that buyers and sellers can use to project where futures prices will be in the coming days or months. Frequently updated futures charts are a very useful tool for identifying pricing trends within a certain commodity.